NON-FINANCIAL IMPACT OF THE COMPANY

12 Months Ended

Sep. 30, 2011

Non Financial Impact Of The Company [Abstract]

Non-Financial Impact Of The Company [Text Block]

Note 14 - NON-FINANCIAL IMPACT OF THE COMPANY

1) Capital commitment

As at September 30, 2011 and 2010, the Company had total capital commitment as follows:

	2011			2010
Total consideration for the leasehold property	$	10,403,324		$	-
Less: Deposit paid		(781,030	)		-
Total capital commitment	$	9,622,294		$	-

On September 22, 2011, the Company entered into an agreement to purchase a leasehold property situated in Shenzhen, PRC as its office premise. The acquisition of the leasehold property is expected to be completed by early 2012.  The acquisition will be financed by a mortgage loan, however the terms of the mortgage loan are still in the negotiation stage.

2) Leases commitment and rental deposits

As at September 30, 2011 and 2010, the Company had total future aggregate minimum lease payments under non-cancellable operating leases for the Company’s office premises located in PRC as follows:

	2011		2010
Within 1 year	$	122,946	$	52,254
1 - 2 year		36,656		-
2 - 3 year		-		-
3 - 4 year		-		-
4 - 5 year		-		-
	$	159,602	$	52,254

Rental deposits paid for leasing of the office premises in the sum of $53,093 (2010 : $15,198) are recorded as non-current (2010 : as current) asset as the lease expires over 1 year (2010 : within 1 year).